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SunSirs: The Upstream Driving Force Is Weak and the Market Supply and Demand Are Out of Balance, the Rise of Aluminum Fluoride Is Difficult

February 26 2021 14:01:12     SunSirs (John)

The price of hydrofluoric acid, an upstream product, fluctuates at a high level, and the price increase in the fluorite market is small, which has not played a role in pulling the market price of aluminum fluoride. However, overall, the price of aluminum fluoride companies has remained stable. According to data from SunSirs, the domestic aluminum fluoride price was 9,166 RMB/ton on February 25, which was the same as before the Spring Festival.

Recently, the operating rate of some fluorite devices in China has been average, and some of the mines and flotation devices on the site have been shut down. The supply of fluorite in the market is tight. However, the recent market situation is mainly stable, and the price increase of fluorite is very limited. As of February 25, The price of fluorite rose only 0.72% from before the Spring Festival.

Recently, the market price of hydrofluoric acid has been stable, and the domestic hydrofluoric acid operating rate is less than 60%. The company reports that the current spot supply of hydrofluoric acid on the market is normal. The recent market sales are general and the ex-factory prices of some companies are stable. As of the 25th, the mainstream of hydrofluoric acid negotiations was 10,000-11,000 RMB/ton, but the insiders reported that the recent hydrofluoric acid market is difficult to rise. As of February 25, the price of hydrofluoric acid only increased by 0.21% compared to before the Spring Festival. The price increase of upstream fluorite and hydrofluoric acid is very limited, which cannot effectively pull the price of aluminum fluoride.

After the Spring Festival, the overall operating rate of the aluminum fluoride industry is at a relatively low level, but the on-site inventory is large and needs to be consumed. In addition, the downstream electrolytic aluminum plants mainly consume the previous inventory, and the current demand for aluminum fluoride bidding and procurement is low. The aluminum fluoride market has stabilized.

The aluminum fluoride industry analyst of SunSirs believes that the upstream driving force is weak, coupled with the imbalance of supply and demand in the aluminum fluoride market. At present, the domestic market price of aluminum fluoride is difficult to rise.

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